Factors to Keep in Mind When Preparing A Residential Lease Agreement
The length of the lease, renewal terms and the notice are important factors of a rental agreement. The termination of the agreement before the completion of the rental period is are the key factors to consider before signing the rental agreement and you must make sure that it is included in the lease contract. Putting into consideration the date of paying the rental agreement is of vital information as you look towards possessing the property. You can check whether the landlord has a provision for various means of payment that can be convenient for you including mobile money transfers to bank accounts which can make it convenient for you to pay the rent without having to necessarily go to the bank. Different landlords would have different rules of decorum and it is important to check whether they are convenient to your case as some of them may be overly strict. These rules should be included in the rental agreement to avoid any sorts of conflicts and disagreements in the future between you and your landlord. Some of the rules regarding property keep on being adjusted because of the new tenants, new equipment introduced and also because of the discretion of the landowner. Also, it is important for you to know the regular maintenance that will be occurring on the property to gauge whether or not to sign a rental agreement. The ordinary case scenario is that minor repairs and regular maintenance, which include keeping the area safe and clean, is the responsibility of the tenant. The clause should contain a room-by-room description of the property together with things that are damaged or are in poor conditions. This will help to avoid future liabilities that the tenants did not participate in and it might fuel strife between the owner and the tenant. This usually comprises of situations such as material breach of the agreement, disturbance caused to neighbours, damaged to any parts of the building and its facilities, the failure in making payments in time among other things. This particular section of the rental agreement is usually not and it comes to lead to serious problems in the future because landlords have expectations that the people can be able to live responsibly as the properties being rented is just part one of the many properties around the area and it is important that people stick to certain discipline to be able to live together amicably. Lastly, consider the security deposit that is outlined in the rental agreement.